Sutherland Global Services to acquire Apollo Health Street
Shares of Apollo Hospitals Enterprise were trading at Rs 805 a share, down 0.02 per cent in the afternoon trade on BSE.
"The acquisition will bring on board 3,200 professionals with deep industry knowledge," Vellodi said.
He added that the acquisition will provide effective solutions to healthcare providers and payers and help them offer patients cost effective services.
With the completion of this acquisition, the company expects healthcare services to account for 15 per cent of overall revenues in the next fiscal.
Sutherland expects to close the next financial year with revenues of USD 900 million. Sutherland has over 30,000 employees globally working out of 35 operations centers in the US, Philippines, India, UAE, Egypt, Bulgaria, UK, Canada, Jamaica, Mexico, and Colombia.
Post the acquisition, Sutherland with have over 200 clients across various verticals, including healthcare, banking and financial services, retail and telecom.
Apollo Health Street provides customised strategic support services to more than 150 healthcare partners throughout the US from 10 global operational centers of excellence.
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